Specter switches parties, potentially giving Democrats 60 votes in Senate. (NYT)

Economy shrinks at higher-than-expected 6.1% pace in first quarter according to Commerce. (AP)

Pandit asked Geithner for special approval of bonuses for Citi‘s energy trading unit earlier this month. (AP)

Paulson‘s head of bank rescue prepares to leave, making way for Allison. (Reuters)

Sebelius confirmed for HHS post, completing cabinet. (WSJ)